What is Fantom? FTM price prediction; Everything you need to know
antom touched ATH of $1.30 which took its total market cap to more than $3.2 billion.
New Delhi: The cryptocurrency world has seen a lot of popularity over the past few years. Many coins bloomed in a very short span of time and FTM is among those tokens.
As per Fantom’s official website, The Fantom Foundation is dedicated to building the infrastructure for a more democratic and efficient future. Their team is made up of engineers, scientists, researchers, designers, and entrepreneurs who share the same vision. They are working to improve everyone’s lives by making advanced technologies more accessible and seamlessly integrated. True to the maxim of decentralization, our team is distributed across the world.
FTM’s price jumped to an all-time high as the demand for the ETH-killer increased. Fantom touched ATH of $1.30 which took its total market cap to more than $3.2 billion. It should be mentioned that FTM has soared by more than 87% in the last 7 days. This jump has made the coin the 48th biggest coin in the world.
Fantom is termed as an Ethereum-killer and it uses Direct Acyclic Graph (DAG) smart contract platform which helps to improve the scalability of the network. FTM ensures that transaction speeds will rise to more than 300k per second.
FTM price prediction
FTM’s four-hour chart depicts that it is in a strong bullish zone for the past few days. The rally triggered when the coin break the key resistance level at $0.5968. The token managed to move above the 25-day and 50-day moving averages.
As per experts, it is predicted that the coin will maintain the bullish trend if the price manages to be above the 2 moving averages. The next key price level to watch will be $1.4. On the other side, is the price drops below $1.120 then it will reject the bullish view.